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A question for the knockers, page-96

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Far2d2

385 Posts.

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04/01/15

22:41

Post #: 14534813
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Originally posted by Dancing ↑

DC,

The concern with such a large majority holding by company directors is that they can easily profit from the an announcement that they know will be coming, by selling a large stake at a high.

The SP will then drop as a result, and they may reinvest after the fall.

Another small cap family-run business did the above last year. The brothers sold 30% of their stake and made $9M each when the SP was above $0.30. The SP prior to a few announcements was only $0.02 and now the SP of that company is sitting around $0.07.

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That is true... But the other concern is that there holding results in giving them so much voting power that they can dictate... what happens in the business.

QBL Price at posting: 2.2¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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